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Flattrade Vs Angel One – A Comprehensive Comparison
In the dynamic world of stock trading and investment, selecting the right brokerage firm is a crucial decision. Here is a comparison of two prominent players in the Indian stock market – Flattrade and Angel One, which offer various services related to trading and investing. With a focus on essential factors like account types, customer support, charges, technology, and more, we aim to provide you with a comprehensive overview of these brokers.
Whether you are a seasoned trader or a newcomer to the market, you can get useful details to make an informed choice to optimize your investment journey.
Open an account with Angel One.
Flattrade Vs Angel One: A Comprehensive Comparison
Here is a comparison of the two based on the information provided:
Flattrade Vs Angel One: Geographical Presence
- Flattrade: Flattrade has a strong hold on the southern part of India.
- Angel One: Angel One has a vast network with a presence in over 18,500 locations across more than 900 cities in India, including branches, franchises, and sub-brokers.
Read our post on – FlatTrade Review 2023 – Services, Charges, Pros, Cons and More.
Flattrade Vs Angel One: Account Types
- Flattrade: Offers Demat and Mutual Fund Investment accounts.
- Angel One: Offers Demat, Commodity Trading, Equity Trading, Derivatives Trading, Currency Trading, and Mutual Funds accounts.
Flattrade Vs Angel One: Account Opening
- Flattrade: Flattrade offers zero brokerage and free account opening.
- Angel One: Angel One also offers free demat account opening, but it charges an Annual Maintenance Charge (AMC) from the second year onwards.
Flattrade Vs Angel One: Charges
Know all about the FlatTrade and Angel One charges:
1. Brokerage Charges
- Flattrade: ₹10 per order for both Intraday and Delivery trading. It offers zero brokerage for trading, which is a significant cost advantage for traders and investors. The Zero Brokerage plan charges a one-time fee of Rs 200 during account opening, with no annual maintenance or brokerage fees.
- Angel One: Angel One also offers free demat account opening, but it charges an Annual Maintenance Charge (AMC) from the second year onwards. Brokerage charges vary based on the type of transaction and segment, with a range of ₹20 or 0.25% of the transaction value, whichever is lower. Charges a flat fee of Rs. 20 per order for Intraday, F&O, currencies, and commodities, which is competitive and affordable. It offers a Prime Plan with even lower brokerage rates for certain trading segments. It offers free equity delivery trades for a lifetime.
2. Annual Maintenance Charges (AMC)
- Flattrade: No AMC for trading and demat account.
- Angel One: AMC charges apply, ranging from ₹0 to ₹20 per month based on account type and holding value.
3. Transaction Charges
- Flattrade: Transaction charges vary across segments and are competitive.
- Angel One: Transaction charges depend on the type of transaction and segment and include STT, transaction charges, and more.
4. STT/CTT
- Flattrade: Competitive STT/CTT charges depending on the segment.
- Angel One: STT/CTT charges vary based on the type of transaction.
5. GST
- Flattrade: Charges 18% GST on Transaction Charges, Brokerage, and SEBI Charges.
- Angel One: Also charges 18% GST on Brokerage and Transaction Charges.
6. SEBI Charges
- Flattrade: ₹10 per Cr for Equity, Currencies, and Commodities (Delivery & FNO) trading.
- Angel One: Similar SEBI charges for Equity, Currencies, and Commodities (Delivery & FNO) trading at ₹10 per Cr.
Flattrade Vs Angel One: Trading Platforms
- Flattrade: Flattrade offers various online trading platforms, including mobile apps, EXE-based trading, and web-based trading.
- Angel One: It provides a mobile trading application and online trading platforms for better trading and investing experiences.
Flattrade Vs Angel One: Services Offered
- FlatTrade: Covers Equities, Derivatives, Commodities, and Currency Derivatives. It provides a wealth management platform through Mutual Funds for both individuals and corporate clients.
- Angel One: Offers online equity, derivative, commodity, and currency trading services. It provides mutual funds, margin trading services, and loans against shares. It has a wide range of investment options, including bonds and IPOs.
Flattrade Vs Angel One: Mutual Fund Investment
- Flattrade: Provides an online investment platform for wealth management through mutual funds.
- Angel One: Offers a wide range of investment products like mutual funds from major fund houses in India.
Flattrade Vs Angel One: Trading Platforms
- Flattrade: Offers mobile apps, EXE-based trading, and web-based trading platforms. It focuses on delivering a seamless online trading experience.
- Angel One: Provides a mobile trading application and online trading platforms. It offers a robust desktop trading software, Angel SpeedPro, known for its advanced charting and portfolio management features. It provides an all-in-one mobile trading app, Angel One App, for trading across segments. It also features the Angel BEE app for paperless mutual fund investments.
Flattrade Vs Angel One: Customer Support
- Flattrade: Flattrade provides 24*7 customer support and claims to have fast mobile support. Provides customer support through calls, offline branches, email, and web-form. It focuses on customer satisfaction with online customer care and back-office assistance. The company empowers clients and delivers valuable services through a dedicated team of knowledgeable employees.
- Angel One: Offers 24/7 customer service, email support, online live chat, and phone support. It has physical branches for in-person interactions. Also, it has an extensive extensive network with many physical branches across India.
Read on Angel One Demat Account Review – Pros and Cons, Charges Etc.
Flattrade Vs Angel One: Additional Charges and Fees
- FlatTrade: Has a transparent fee structure with no hidden charges.
- Angel One: Has additional charges like call and trade fees, transaction charges, and other fees depending on the type of transaction.
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Conclusion
So that was all about Flattrade and Angel One comparison. As you can understand, both platforms have their unique features and advantages. While both Flattrade and Angel One broker offer similar services, Angel One appears to have a more extensive product offering, a larger physical branch network, and a stronger focus on technology and research. Your choice between the two would depend on your specific preferences and requirements, such as brokerage charges, geographical presence, and the services offered. It is advisable to thoroughly research and compare the two brokers before making a decision based on your individual investment needs.